FY2027 EPS Estimate for Ivanhoe Electric Lowered by Analyst

Ivanhoe Electric Inc. (TSE:IE) – Research analysts at Scotiabank lowered their FY2027 EPS estimates for shares of Ivanhoe Electric in a report released on Friday, September 25th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.76) per share for the year, down from their previous forecast of ($0.48).

A number of other equities research analysts also recently commented on the company. National Bank Financial cut their price objective on Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Raymond James Financial cut their target price on Ivanhoe Electric from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$23.17.

Ivanhoe Electric Stock Down 6.2%

IE stock opened at C$14.15 on Tuesday. The firm has a market cap of C$2.26 billion, a PE ratio of -54.42 and a beta of 2.67. Ivanhoe Electric has a 12 month low of C$11.04 and a 12 month high of C$28.81. The company has a debt-to-equity ratio of 6.97, a current ratio of 5.05 and a quick ratio of 8.83. The firm has a 50 day simple moving average of C$14.34 and a 200 day simple moving average of C$15.67.

Ivanhoe Electric Company Profile

We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.